Prospects of Islamic banks in the world with reference to the Algerian experience

Abstract

No Doubt that high growth of Islamic financial industry in the world, expected increasingly to move from 2.2 to 1.6 billion dollars in 2016 to 3.8 trillion dollars in 2022 because of the ethical practice based on trust , community service and on Islamic Shariah-compliant legal and especially with application the latest technologies or so-called Fin Tech. As matter of fact, this kind of banks are witnessing a fast growth and a high turnout of its financial products such as : Participatory Murabaha, speculation and other investment funds. This research aims to alert policymaker in Algeria to develop Islamic financial industry and create an environment and an appropriate participatory financial market which can easily integrated in the international Islamic banking system.